EANS-Adhoc: RHI AGSupervisory Board of RHI AG gives its approval to the
resolutions proposed by the Management Board regarding the acquisition of at
least 46% of the share capital in Magnesita

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
13.10.2016
The Supervisory Board of RHI AG gave its approval to the resolutions proposed by
the Management Board regarding the acquisition of a controlling stake of at
least 46%, but no more than 50% plus one share of the share capital in Magnesita
(the "Transaction") at its meeting today. The Management Board of RHI AG is thus
authorized to take all actions stipulated in the share purchase agreement and to
make any declaration necessary in the context of implementing the share purchase
agreement.
The completion of the Transaction is amongst others subject to (i) approvals by
the relevant competition authorities, (ii) the migration of RHI to the
Netherlands, (iii) the listing of RHI Magnesita's shares in the premium segment
of the Official List on the Main Market of the London Stock Exchange and (iv)
RHI's shareholders not having exceeded statutory withdrawal rights in an amount
of more than EUR 70 million in connection with organizational changes preceding
RHI's migration from Austria. The migration and the preceding organizational
changes in Austria require qualified approval by RHI's shareholders' meeting.
Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher, CIIA
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com
end of announcement euro adhoc
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issuer: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6676
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English